Bitcoin hit a new record high of $5,856 this morning, but the question everyone will be asking is, can the rally continue?
By saying rally will continue if you mean whether Bitcoin will continue to increase more and more without any big pull back or drawdown, then the obvious clear answer is NO. It will definitely give pull back and big drawdowns while time passes by, but when the retracements will happen I don't know.
But if you are referring whether Bitcoin price will increase more and more in future, then I have an obvious answer YES. In fact, I can say it is just a beginning when many people say it is end or it is bubble or BTC is dead etc.
BTC price may reach at least 25K within next few months and as high as may be 100K within next couple of years very easily.
Artificial General Intelligence